Lloyd’s Register plans to double revenues and workforce in India by 2015

May 31, 2013 10:00 am

Lloyd’s Register, an independent quality and risk assurance firm, intends to double both the revenues and workforce in the country by 2015, reflecting the success of its global business model.
 
“We plan to double our revenue in the next two-three years by focusing on acquiring large accounts,” said R. S. Sharma, Chairman for India and Southwest Asia, Lloyd’s Register.
 
“We have invested more than £120m in our Global Technology Centres, ensuring we deliver the technical solutions required by the industry. India is a critical market for us and in keeping with our promise to it, we intend to further invest in R&D, inorganic growth and hiring in 2013,” he adds.
 
Lloyd’s Register has a diversified technical-service portfolio across four main business divisions namely marine, energy, management systems and transportation (mostly rail). In India, Lloyd’s Register has 300 employees located in 20 offices near most of the industrial centres.
 
Lloyd’s Register also announced “Water Matters”, a corporate and social responsibility programme to raise awareness of the impending global water crisis, and fund employee projects focused on water management and conservation.
 
Speaking on the occasion, Mark Stokes, Group Communications Director for Lloyd’s Register in London, said, “We now live in a world where approximately 783 million people – roughly one tenth of the world’s population – do not have access to safe water. Water is also vital in power generation and agriculture and society faces some difficult decisions on how to prioritise its scarce resources of water. The International Energy Agency predicts a global water crisis within 30 years. We all have a responsibility to address this global problem”.
 In India, the company has also plans to enhance presence in nuclear power sector.